Bulgaria Gazette, 12 November 2009
Bulgaria is set to dramatically expand its wind power output in the next ten years to meet 13,5% of the country’s electricity demand by 2020.
It was announced that from the current 330 MW installed the amount of energy supplied will reach over 3,000 MW by 2020, the European Wind Energy Association (EWEA) reported.
November 17, 2009, Novinite.com
“Obviously we have managed to explain why this is the only possible budget for Bulgaria at the moment,” Finance Minister, Simeon Djankov, commented on Tuesday.
Bulgaria’s new Finance Minister has expressed confidence that next year’s budget, described as a model of excellence for EU member states, safeguards the country’s currency board regime and points to its exit from the global crisis.
By Nedyalka Aleksandrova
Yesterday, October 15, 2009, the biggest business forum held in the last decade in Bulgaria took place in Sofia, at Sofia Hall of Kempinski Hotel Zografski. The Bulgarian-Chinese Business Forum was organized by the Bulgarian Small and Medium Enterprises Promotion Agency and the Investment Promotion Agency of the Ministry of Commerce of the People’s Republic of China.
172 Bulgarian companies from real estate, construction and investments, trade and finance, pharmaceutical and chemical industries, media and promotion, production, wholesaling and retailing, and 103 Chinese enterprises from energy and mining, chemical pharmacy, logistics, electrics, textiles, economic zones, real estate and development, high technology and manufacturing, and investment promotion agencies attended the event. There were both ODI enterprises and companies attracting FDI to China from 18 Chinese provinces (autonomous regions and municipalities). READ MORE »
By Charline Evans, 15th Oct, 2009
Around the World in 80 Schools has been such a success that I have been contacted by schools, business and charitable organisations not featured in the initial project that would like to become part of this ever increasing network.
Around the World in 80 Schools +Plus is an additional feature that will showcase additional schools, orphanages, charities, communities and business around the world that want to come together to make a difference for children around the globe.
By Nick Fulford, 12 Oct, 2009
Nick enjoying the beautiful weather and the garden
I recently visited Varna at the end of September and I was kindly invited to join the Eurolink Team and the Children for the Barbeque Afternoon that was being arranged at a Villa, in the countryside near Varna, on Saturday 26th September. I would like to give you a few notes on my impressions of how the afternoon progressed.
Famagusta Gazette, 08.OCT.09
Cyprus President Dimitris Christofias, left, talks to his Bulgarian counterpart Georgi Parvanov, right, during their official meeting at the Presidency building in the capital of Bulgaria, on Oct. 6, 2008.
Bulgaria expects that the intensification of UN-led negotiations on Cyprus will lead to a final settlement of the Cyprus problem, President of Bulgaria Georgi Parvanov has said, adding that his country supports UN Security Council decisions and respects the right of each side to outline its positions.
Oct 2, 2009, Novinite.com
The required capital to register a limited liability company has been lowered to the symbolic BGN 2 or EUR 1 by the Bulgarian Parliament.
The MPs approved the change in Bulgaria’s Commercial Law Friday at the second and final reading of the amendments in the Trade Act, lowering the required registration amount from BGN 5 000 to BGN 2.
The proposal had received the preliminary approval of the new cabinet in August this year and was promised by the now ruling Citizens for European Development of Bulgaria (GERB) party before the July general elections.
On his part, Finance Minister, Simeon Djankov, included the measure in the the anti-crisis packet as a way to encourage local business.
October 7, 2009
The anchored Norwegian Jade liner as viewed from the Varna beach which enjoyed sunny October weather. Photo by BGNES
The 295-meter Norwegian Jade liner called at Bulgaria’s Black Sea port Varna on Wednesday, October 7, 2009.
by Nedyalka Aleksandrova
“When the new General City Plan is implemented, Varna will look like a butterfly or a bird in flight to the future, seen from outer space”, Prof. Nikiforov said at the Public Deliberations of the Plan which took place on October 1, 2009 at the Community Centre of Konstantinovo.
source: Narodno delo newspaper
The district of Konstantinovo will have direct connection to the highways “Black sea” and “Hemus.
The new General City Plan of Varna is the first strategic elaboration to sketch the potential for development of the village of Konstantinovo and the region round it. For their underestimation until the present moment speaks the fact that in the currently operative city plan, drawn in the 80s, they were not included. As a natural effect of it, a consecution of villa areas and urban formations appeared such as Pripek, Lazur, Panorama, Chereshova gradina and Krushova gradina, which lack the indispensable technical and social infrastructure.
According to Professor Architect Ivan Nikiforov, Head of the Team of the new GCP, the general idea for the development of Varna to the south will transform Konstantinovo in a city area of full value, attractive for living and recreation. This trend will be consolidated to a great degree particularly after the erection of the second bridge over the canal near Kazashko that will enable transport connection to both the city to the north and the seaside resort complexes. In actual fact from Konstantinovo it will be possible to set a connection with the highways “Hemus” and ‘Black Sea”.
Source: Standard.ro
Wind generators near Kavarna
Although the wind energy potential in Romania is 14,000 MW, four times higher than Bulgaria’s, the latter’s installed power is more than 13 times higher than Romania’s, 160 MW compared to 12 MW, according to market data.
Nedyalka Aleksandrova
Valeria and Lili with the kids from the Social Educational Professional Centre, Varna
‘In mid-September 2009 the public deliberations about the GCP of Bulgaria’s sea capital Varna will be inaugurated,’ an order, issued by the City Mayor Cyril Yordanov, announces. The first three dates are set for the city regions of “Odessos”, “Primorski” and “Mladost” - respectively on the 17th, 18th and 23rd of September at 6 p.m. in the City Hall’s Plenary Conference Room.
In the first days of the month, the project will be discussed in the villages of Konstantinovo and Zvezditsa.
Citizens can submit written statements on the GCP within a week after the conclusion of the discussions if there are any objections to be raised. The Commission will review all officially submitted remarks along with the protocols of the community discussions within a month’s time. The final stage of the admittance of the GCP will be finalized at a session of the Experts Council of Territorial Development of Varna Municipality after which the GCP will be formally endorsed.
Dear Partners, Clients and Friends,
We would like to inform you that our Head Offices in Varna, Bulgaria will be closed on Monday, September 21st, 2009 and Tuesday, September 22nd, 2009 due to the National Bulgarian Holidays. Should you have any urgent queries, please contact our Office Manager, Ms. Nedyalka Aleksandrova (tel.:+359 894 417 675) or our Cyprus Office (tel.: +357 22 37 15 12), which will be open in the above quoted period.
Usually in any market, stock, bond, commodities, etc., the markets turn without very many people realizing it. By the time a change in the trend has been detected and accepted, the major opportunity to buy or sell has been missed. The majority of the investors will sit on the sideline because they are afraid that the time isn’t right yet. Meanwhile the smart-money minority is grabbing the opportunity.
The moral of the story is: don’t try to time the market. Look for investments that make sense and don’t worry about buying at the absolute low. An old saying on Wall Street says: Bulls win, bears win, hogs get slaughtered. Don’t be a hog.
14th Sep, Novinite.com
Top Bulgarian culinary show host, Uti Bachvarov (front) together with the award winning chefs of the represented restaurants at the ‘Tastes of Varna’. Photo by Anettevents
The first edition of the “Tastes of Varna” Culinary Festival attracted thousands of visitors for its various events over the week, including Bulgarian show biz stars and food and wine specialists.
The program of the Festival, of which Novinite.com (Sofia News Agency) is an official media partner, featured carving and flair shows, event live music performances, kids’ parties, and a competition for ‘Best Banitsa’ (i.e. traditional Bulgarian pastry) organized by one of the sponsors of the event, BELLA Bulgaria. The five-star Helios Spa & Resort complex in the top Golden Sands resort on the Black Sea is the official partner of the culinary fest.
2nd Sep, 2009
The legendary train, described in the novel “Murder on the Orient Express”, by Agatha Christie, passed through Varna, announced a reporter from radio Focus. Orient Express arrived at Varna Railway Station with 100 passengers, yesterday afternoon and was expected by many welcoming people, mainly tourists from France and Germany, who had come to see their fellow-citizens. The guests stayed in the city for almost four hours. However, this summer, no tourists were allowed to board the train for a viewing tour. The reason for that was the fact that as the passengers pay an extremely high price for this VIP trip, it wouldn’t be pleasant for them to be disturbed. This year the train set off from Vienna and through Budapest, Bucarest, Varna and Kapakule will end the tour in Istanbul.
By Michalis Makris, EIG Investment Consultant
There is no doubt that the recent economic crisis has left its marks on the Bulgarian economy as well. Nonetheless, there are strong arguments to support that once international markets start to recover, Bulgaria, currently the EU’s poorest state, will probably offer the highest development prospects and investment returns in the Central and Eastern European region.
In June, the European Bank for Reconstruction and Development became the latest addition to the club of institutions forecasting a contraction of Bulgaria’s economy in 2009. It estimated that Bulgaria’s GDP growth will shrink by 3% this year and a further 1% in 2010. This estimate is in line with the predictions made by the European Commission in the beginning of June 2009. Moreover, a recent article in the Financial Times, dated June 10th 2009, stated that in the first quarter of 2009, the Bulgarian GDP fell by 3.5%. This is the first tangible proof that Bulgaria has been hit by the crisis. It is also the first time that Bulgaria’s GDP dropped since the financial and economic crisis of 1997.
By Nedyalka Aleksandrova
In the last decade Varna has developed and expanded extensively. At present it is the 80th largest city in Europe, Bulgaria’s second-largest metropolis and the biggest city and seaside resort on the Bulgarian Black Sea coast.
The impetuous development of Varna raised the need of a new general city plan as to the west it has reached its maximum of territorial enlargement. The lake of Varna will have a leading role in the process, the authors of the new GCP say. It will become an element for another city enlargement as a tourist agglomeration. The principal aim is to avoid here the tendency of urbanization of the entire coast. The GCPlan safeguards the so called ‘natural breaks’. In practice, they will guarantee that apart from being a European harbour and a logistic centre, Varna will remain a holiday centre of a European scale, as it has been in the last decade. The Black Sea highway will become the axis of the economic development in the region.
Novinite.com, August 27, 2009
Photo by BGNES
The natural conditions in Romania and Bulgaria make these countries some of the best placed in Europe for producing wind energy. Interest in investing in wind power is high in both countries, but legislative ambiguity and the limited capacity of national electricity grids are delaying the building of new wind parks.
Bulgaria could have a wind power production capacity of 3,400 MW in a few years, according to the European Bank of Reconstruction and Development (EBRD). Unlike Romania, Bulgaria is at the moment highly dependent on energy imports, taking most of the fossil fuels it uses from Russia.
« Previous Entries Next Entries »
| PARADISE LAKE Ranch Plots - Back to nature! | ||
|
||
| PRICE: 35 € / sq. m. | ||
| Your dreams can come true at MARINA HILLS | ||
|
||
| PRICE: On request | ||
